Brown Plus Ranks as One of AM Best’s 2021 Top Audit and Actuarial Firms in the U.S.
Regional premier advisory firm, Brown Plus, was recently ranked as one of the largest audit firms in the U.S. on AM Best’s list of the Top Audit and Actuarial Firms – 2021 Edition.
“We are excited that our insurance practice was recognized by AM Best as one of the largest insurance practices in the U.S.,” said Scott Esworthy, Principal and co-leader of the Brown Plus Property and Casualty Insurance Practice. “This ranking is a strong testament to how our clients value our relationships and expertise in the industry.”
Brown Plus was ranked the 23rd largest audit firm in the U.S., based upon the loss reserves of the property and casualty insurance clients served. According to the total number of property and casualty insurance clients served, Brown Plus is ranked the 14th largest audit firm in the U.S.
AM Best’s Top Audit and Actuarial Firms ranking focus on independent accountants who audit insurers’ annual financial statements, as well as third-party actuaries who provide annual statutory actuarial opinions regarding insurers’ policy and claim reserves. The Top Audit and Actuarial Firms ranking lists the top 25 firms in the U.S. based on loss reserves. According to AM Best, “The firms that rank on the Top Audit and Actuarial Firms list understand statutory-based financial accounting. They also stay abreast of developments among regulatory bodies, particularly the National Association of Insurance Commissioners in the United States, to ensure compliance with current standards.”
“At Brown Plus, our mission is helping people achieve extraordinary outcomes. The Brown Plus Property and Casualty Insurance Practice is focused on turning our extensive knowledge of the insurance industry into value for our clients, helping them to grow and providing them with the best service,” added Hank Straub, Principal and co-leader of the Brown Plus Property and Casualty Insurance Practice. “Receiving this recognition is an honor.”
The Brown Plus Property and Casualty Insurance Practice is comprised of seasoned professionals and specialists who provide a full range of accounting advisory services, business advisory services and tax preparation and consulting services to insurance providers across the Mid-Atlantic region and beyond, including mutual and stock insurance companies, captive insurance and risk retention groups and self-insured groups. Brown Plus insurance clients range in size from $1 million to more than $150 million in direct premiums written. According to AM Best, Brown Plus served 26 property and casualty insurance companies in 2020. In addition, Brown Plus serves captives, risk retention groups and self-insurance groups not included in the AM Best results.
To learn more about the Brown Plus Property and Casualty Insurance Practice, please visit http://www.brownplus.com/industries/insurance/